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Dec 20, 2012
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how do the fiscal cliff, the threat of the fiscal cliff, how could it be impacting consumer behavior? >> right now it could generate a lot of uncertainty in the minds of consumers. different demographics might react very differently. specifically, the 1% or 2% at the top, where the democrats are proposing very large tax increases, or the repeal of the bush tax cuts to that group, it could affect their consumption decisions ahead of the holidays. they might choose to pull back or wait to see what the ultimate resolution might be. >> tom: is that going to be enough to show up in economic statistics that we see in december? >> well, sure. i mean, based on what i know, based on my previous research, given that, you know, especially looking at investor behavior, we know that investors are more likely to make mistakes when there is greater market-wide uncertainty, and we can see that in their decisions to trade, and trade more actively, and make bigger mistakes. they don't understand the implications of all of the tax cuts and so on. and they're likely to make bigger mistakes, which taken t
how do the fiscal cliff, the threat of the fiscal cliff, how could it be impacting consumer behavior? >> right now it could generate a lot of uncertainty in the minds of consumers. different demographics might react very differently. specifically, the 1% or 2% at the top, where the democrats are proposing very large tax increases, or the repeal of the bush tax cuts to that group, it could affect their consumption decisions ahead of the holidays. they might choose to pull back or wait to...
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Nov 30, 2012
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falls off the fiscal cliff. if the cliff is averted... >> then i think you will see silver, platinum, palladium-- the so-called white metals-- outperform gold, because they will tend to outperform in a risk-on environment in a cyclical upturn. >> reporter: now, the other scenario: >> in an environment where we go off the fiscal cliff and we see continued problems on the debt side for the u.s., i think the gold price outperforms the white metals. >> reporter: gold's price will also depend on whether central banks continue to diversify their holdings into gold, and whether they implement more quantitative easing to boost growth. the outlook for platinum is a little more complicated. there have been major supply disruptions due to labor unrest in south africa, which produces nearly all of the world's platinum. it also depends on demand. >> europe is a key part of the platinum demand picture. if europe can recover, certainly that's going to bode well for platinum demand. if the price trades higher, it may affect som
falls off the fiscal cliff. if the cliff is averted... >> then i think you will see silver, platinum, palladium-- the so-called white metals-- outperform gold, because they will tend to outperform in a risk-on environment in a cyclical upturn. >> reporter: now, the other scenario: >> in an environment where we go off the fiscal cliff and we see continued problems on the debt side for the u.s., i think the gold price outperforms the white metals. >> reporter: gold's price...
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Nov 16, 2012
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. >> susie: and the fiscal cliff isn't the only uncertainty for c.e.o.s. the future of financial regulations with the c.e.o. of florida-based bank united. >> tom: that and more tonight on nbr! $4.5 billion and guilty pleas to charges of manslaughter and lying to congress. that was the admission today from b.p. two and a half years after the "deepwater horizon" disaster in the gulf of mexico. that disaster killed 11 people and led to the worst oil spill in u.s. history. in its guilty plea, b.p. said it deeply regrets the loss of life and almost five million barrels of oil that into the gulf. darren gersh reports. >> reporter: justice department officials hope today's settlement and criminal pleas will bring justice to the families of the men who died when the "deepwater horizon" exploded. >> perhaps the greatest tragedy is that the deaths of the 11 men on board the "deepwater horizon" could have been avoided. the explosion of the rig was a disaster that resulted from b.p.'s culture of privileging profit over prudence. >> reporter: b.p. has agreed to plead g
. >> susie: and the fiscal cliff isn't the only uncertainty for c.e.o.s. the future of financial regulations with the c.e.o. of florida-based bank united. >> tom: that and more tonight on nbr! $4.5 billion and guilty pleas to charges of manslaughter and lying to congress. that was the admission today from b.p. two and a half years after the "deepwater horizon" disaster in the gulf of mexico. that disaster killed 11 people and led to the worst oil spill in u.s. history. in...
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Nov 14, 2012
11/12
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economy of the fiscal cliff. expectations remain mixed for fancier retailers, but some experts predict the debate in washington over taxes will simply delay holiday purchases made by wealthy americans. >> i would expect that holiday spend won't get impacted as much. some of the larger wealth items, tax planning, estate planning, that's where their focus will be. it may defer some of it because they've been preoccupied. >> reporter: tom jacobsen tracks consumer spending behavior and believes the fiscal cliff will impact shopping patterns. he says in an uncertain economy retailers will need to pay close attention to pricing. >> as the confidence erodes, you might need more discounting to sell a luxury good. but that extra discounting won't take away from that good-feeling luxurious. >> reporter: according to a study out today, half of u.s. consumers still plan to buy make a small luxury purchase in the next six months. of those, 53% want specialty food or drinks, 48% are in the mood for luxury clothing, and 48% are
economy of the fiscal cliff. expectations remain mixed for fancier retailers, but some experts predict the debate in washington over taxes will simply delay holiday purchases made by wealthy americans. >> i would expect that holiday spend won't get impacted as much. some of the larger wealth items, tax planning, estate planning, that's where their focus will be. it may defer some of it because they've been preoccupied. >> reporter: tom jacobsen tracks consumer spending behavior and...
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Dec 1, 2012
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stocks were mixed with continued nervousness about the fiscal cliff. the dow gained just three points, the nasdaq lost nearly two. the s&p 500 was virtually unchanged. on the week, the dow up just barely. the nasdaq the biggest gainer: up almost 1.5%, the s&p up half a percentage point. >> susie: investors took a bite out of yum brands today. the stock tumbled 10% after the parent of k.f.c. and pizza hut said its business in china is slowing. yum's c.e.o. warned that china sales will fall by 4% in the fourth quarter, that's a big drop from the same period a year ago when sales surged 21%. blaming the weak chinese economy, yum also said it plans to reduce the number of restaurant openings in the asian nation. yum operates roughly 5,000 restaurants in china, accounting for half of its total sales. >> susie: joining us now with more on the chinese consumer and the economy, nicholas consonery, asia analyst at the eurasia group. nick we've heard this story before from nike, mcdonald's, tiffany's recently. how serious is this consumer slow-down in china? >>
stocks were mixed with continued nervousness about the fiscal cliff. the dow gained just three points, the nasdaq lost nearly two. the s&p 500 was virtually unchanged. on the week, the dow up just barely. the nasdaq the biggest gainer: up almost 1.5%, the s&p up half a percentage point. >> susie: investors took a bite out of yum brands today. the stock tumbled 10% after the parent of k.f.c. and pizza hut said its business in china is slowing. yum's c.e.o. warned that china sales...
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Dec 25, 2012
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will fall off the fiscal cliff, leading to less disposable income next year. so this year, it's taking more than a good deal for retailers to make a sale. >> a lot of people talk about value. the thing they don't talk about is affordability. so while you may think that sweater at barney's or nordstrom's is a value, at whatever price it is, you can't afford it. and affordability is something that is resonating a lot more than value. >> reporter: so the season is not expected to be a sparkling one for merchants, with gains in the low to mid single digits. discounters are expected to do better than luxury stores. but don't forget, it is the holidays, and christmas just wouldn't be the same without a few splurges. >> we kind of get in the spirit of shopping. we go, okay, okay one more, oh they'd really like that, he'd really like that-- and a little for myself, too. >> reporter: erika miller, nbr, new york. >> susie: don't let the fiscal cliff scare you away from buying stocks. that's the advice to investors from andy cross, the chief investment officer at the mot
will fall off the fiscal cliff, leading to less disposable income next year. so this year, it's taking more than a good deal for retailers to make a sale. >> a lot of people talk about value. the thing they don't talk about is affordability. so while you may think that sweater at barney's or nordstrom's is a value, at whatever price it is, you can't afford it. and affordability is something that is resonating a lot more than value. >> reporter: so the season is not expected to be a...
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Sep 28, 2012
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cliff. >> we need to get past the election, we need to get past the fiscal cliff, have some certainty about the conduct of fiscal policy over 2013, and maybe see some further progress in europe to lift this veil of uncertainty that's holding back both businesses and households. >> reporter: at the margin, the falling number of people filing for unemployment insurance is likely to bolster consumer confidence. but economists are looking for about a 100,000 increase in payrolls in the september employment report out next friday. call that a guarded outlook. >> in the fourth quarter, we think job growth is going to pick back up. we have had some sluggishness in job growth in recent months. ultimately, we do expect businesses to feel they need to hire somewhat more. that, we think, will resume a downward trend in the unemployment rate. so we think the next move on job growth is up rather than down. >> reporter: the bright spot in the economy is housing. pending home sales slipped 2.6% in august, but that was still a better reading than last year at this time. overall home prices, sales and
cliff. >> we need to get past the election, we need to get past the fiscal cliff, have some certainty about the conduct of fiscal policy over 2013, and maybe see some further progress in europe to lift this veil of uncertainty that's holding back both businesses and households. >> reporter: at the margin, the falling number of people filing for unemployment insurance is likely to bolster consumer confidence. but economists are looking for about a 100,000 increase in payrolls in the...
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Nov 8, 2012
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cliff now looms large on wall street. >> i think the big issue right now is the fiscal cliff, now that the election is behind us everyone is really focusing on what's going to happen at the end of this year, and of course if nothing's done by the end of the year that may very well mean a recession as early as next year. >> reporter: still, the best news for equity investors is that the election was decisive. the next few days or weeks will not be dominated by challenges or hanging chads. instead there is the hope the still divided congress will work together with a reinvigorated president to solve america's fiscal problems. and some predict that spirit of cooperation will help lift stocks higher again. >> what i encourage investors to realize however is that an agreement at some point in time is more likely than not and as a result of that you're probably going to see a relief on the other end, the last thing you want to do right now is time the market. >> reporter: here's one hopeful tidbit that might have been lost in all the recent political rhetoric. the stock market is far better
cliff now looms large on wall street. >> i think the big issue right now is the fiscal cliff, now that the election is behind us everyone is really focusing on what's going to happen at the end of this year, and of course if nothing's done by the end of the year that may very well mean a recession as early as next year. >> reporter: still, the best news for equity investors is that the election was decisive. the next few days or weeks will not be dominated by challenges or hanging...
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Dec 7, 2012
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and one of our viewers has a question for you about the fiscal cliff. you know all about the back and forth and drama about the fiscal cliff and delores wants your thoughts on where do you stand on this whole fiscal cliff, how will it play out. >> congress better get off its duff and do something. and i think that finally the pressure will be on us. but they always do it right to the last, you know, minute. but i think it's got to happen or they're going to be ousted from their hallowed political seats. >> tom: you could argue in the three years you've been away from the nbr anchor desk congress hasn't done a lot to address the fiscal situation. >> no it's just ridiculous. i mean these are our elected representatives and they have got to pay a little more attention to those that got them in the office. and they're arguing amongst themselves without much care about the people they represent. >> tom: a lot of those folks are retiree, we have a question from anita asking what is the investing or financial planning lesson paul use most during retirement? >>
and one of our viewers has a question for you about the fiscal cliff. you know all about the back and forth and drama about the fiscal cliff and delores wants your thoughts on where do you stand on this whole fiscal cliff, how will it play out. >> congress better get off its duff and do something. and i think that finally the pressure will be on us. but they always do it right to the last, you know, minute. but i think it's got to happen or they're going to be ousted from their hallowed...
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Nov 29, 2012
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at honeywell talk about the lack of real hiring plans, partly because of the fiscal cliff. does that concern you as a stock investor? >> it does. i mean, i think the one thing about being a stock investor, you sort of have to buy with uncertainty and sell on certainty. so it is an opportunity, but i'm not sure it is one that has fully unfolded yet. >> tom: so are you hearing what you want to hear regarding the fiscal cliff? >> no. because i shouldn't be hearing anything. i think when the real negotiations occur, when they really hammer it out, p won't be public. you can't really discuss this sort of thing in public. because if they are going to resolve it, promises will have to be fudged, at best, and that's not something you do right away. you sort of have to go through a process and this is the early stage of that process. >> tom: early stage, and yet five weeks left before we go over that fiscal cliff. and how can investors keep their eye on their investments when there is so much uncertainty. >> it is not even five weeks. i think investors tr to focus on the fundamental
at honeywell talk about the lack of real hiring plans, partly because of the fiscal cliff. does that concern you as a stock investor? >> it does. i mean, i think the one thing about being a stock investor, you sort of have to buy with uncertainty and sell on certainty. so it is an opportunity, but i'm not sure it is one that has fully unfolded yet. >> tom: so are you hearing what you want to hear regarding the fiscal cliff? >> no. because i shouldn't be hearing anything. i...
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Nov 10, 2012
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>> there-- when you think about it, the fiscal cliff is sort of kind of a theoretical thing. the treasury, as we saw last year when we dealt with the debt ceiling crisis. the treasury has been groomed to adjusting so maybe the checks they can't write or the cuts they make might be later in the next few months. it gives them a little bit more time. the bush tax cuts, well, that would happen, but things could be grandfathered back in. the concern i have is the uncertainty. i see the u.s. economy is really starting to show some signs that it's taking hold. the recovery is starting to get stronger, but this uncertainty by the fiscal cliff is in the sense an anchor holding this recovery down. and that's something that's-- >> tom: just a matter of weeks to go before we get to the cliff. beth ann bovino, senior economist at s & p. >> tom: treasury secretary timothy geithner will stay in his position through president obama's inauguration next year to help with fiscal cliff negotiations. but geithner has said he will not stick around for the rest of the president's second term. treas
>> there-- when you think about it, the fiscal cliff is sort of kind of a theoretical thing. the treasury, as we saw last year when we dealt with the debt ceiling crisis. the treasury has been groomed to adjusting so maybe the checks they can't write or the cuts they make might be later in the next few months. it gives them a little bit more time. the bush tax cuts, well, that would happen, but things could be grandfathered back in. the concern i have is the uncertainty. i see the u.s....
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Sep 8, 2012
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but historically, there will be some kind of a compromise that lessens the risk of the fiscal cliff. nonetheless, the next four months are critical, the most critical of the bull market. technical strength in leadership and bellwethers. it's all solid, and the technical strength is in place, but cracks are in the foundation in leading economics. >> last week, all of the declines coming in expectations. if that level is off between now and year end, fine, the market will stabilize and perhaps continue higher. if this is the start of a decline in consumer confidence and it continues falling later this month and in october, it's going to be very difficult for the federal reserve for any administration to avid recession next year. >> tom: you're hopeful, and brought in the horns a little bit, and brought defensive picks with you. among them the biggest global generic drug maker. ecde. it's trading in a range for 12 months. what do you anticipate? >> teva is a generic drug manufacturer, and seller. it's going to be immune to health care reform. it has a 7.1 pe ratio, and revenue is contin
but historically, there will be some kind of a compromise that lessens the risk of the fiscal cliff. nonetheless, the next four months are critical, the most critical of the bull market. technical strength in leadership and bellwethers. it's all solid, and the technical strength is in place, but cracks are in the foundation in leading economics. >> last week, all of the declines coming in expectations. if that level is off between now and year end, fine, the market will stabilize and...
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Nov 3, 2012
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i think the fiscal cliff is going to be more of a fiscal slope, but there will be a tax element to it. i think because we're starting at such a low level of tax rates, we're very likely to have higher taxes either immediately with the expiration of the payroll tax and potentially on capital gains and dividends in 2013 and beyond. >> tom: how should invests approach that, invest on what tax rates may be next year? >> not really. but there are great costs to be avoided by lessening the tax drag on your investment. positioning your portfolio and making sure you're in sthooks can outperform in a rising interest rate environment-- which is another thing we're worried about-- longer term makes some sense. >> tom: so rising interest rate environment, possibly higher inflation, higher taxes. not exactly the most shiny of forecasts for investors. >> well, there is something you can do about it. you can avoid that tax drag by maximizing your investments in qualified plans. you can keep up with modest inflation by making sure you have your asset allocation mix right. inflation really picks the p
i think the fiscal cliff is going to be more of a fiscal slope, but there will be a tax element to it. i think because we're starting at such a low level of tax rates, we're very likely to have higher taxes either immediately with the expiration of the payroll tax and potentially on capital gains and dividends in 2013 and beyond. >> tom: how should invests approach that, invest on what tax rates may be next year? >> not really. but there are great costs to be avoided by lessening...
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Oct 20, 2012
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but what about anxiety about the presidential election and fiscal cliff? >> i think consumers really will not take notice of the political risk and political events until we are in some real critical break down stages. >> reporter: so, many consumers are feeling good heading into the holidays, even if the mood in corporate america is souring. erika miller, "n.b.r.," new york. >> tom: still ahead, the crash gold joined the sell-off today, following stocks lower, as concerns about earnings and europe, raised new questions about demand. gold fell over $20 to $17.24 an ounce, hitting a six-week low. meanwhile, european leaders wrapped up their latest summit today, the fourth this year with progress on establishing a single banking supervisor for the euro-zone. its a move that would allow the e.u.'s rescue fund to start recapitalizing ailing banks. >> susie: from wall street to >> susie: from wall street to washington: a stern warning. top banking c.e.o.'s tell lawmakers letting the fiscal cliff happen would bring quote, "grave consequences for the u.s. economy
but what about anxiety about the presidential election and fiscal cliff? >> i think consumers really will not take notice of the political risk and political events until we are in some real critical break down stages. >> reporter: so, many consumers are feeling good heading into the holidays, even if the mood in corporate america is souring. erika miller, "n.b.r.," new york. >> tom: still ahead, the crash gold joined the sell-off today, following stocks lower, as...
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Nov 6, 2012
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s if the fiscal cliff hits. the street.com's joe deaux joins us. one thing you may not be hearing late on election night is the m- word. mandate. it's tradition that the winners of an election claim to have the american people on their side. but if this election is as close as the polls predict, there will be no mandate for either side. darren gersh reports. >> reporter: unless all those polls are wrong and tomorrow brings a big surprise one way or another, this election will be the remembered as one of the closest in history. it could also end with both parties convinced the folks back home don't want them to compromise on key issues like taxes and fairness and the size of government. >> there is going to be enough room for both sides to claim that they have the mantle from the american public or that nobody does and i think that hurts the issues on the fiscal cliff. >> reporter: if the president prevails tomorrow, he will be one of the only incumbents to win re-election with fewer votes than he got in his first campaign for the white house. if ro
s if the fiscal cliff hits. the street.com's joe deaux joins us. one thing you may not be hearing late on election night is the m- word. mandate. it's tradition that the winners of an election claim to have the american people on their side. but if this election is as close as the polls predict, there will be no mandate for either side. darren gersh reports. >> reporter: unless all those polls are wrong and tomorrow brings a big surprise one way or another, this election will be the...
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Dec 12, 2012
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some experts think the overhang of the fiscal cliff will likely dampen investor enthusiasm. erika miller, nbr, new york. >> tom: the latest economic statistics the federal reserve can consider is the october trade balance, with american importing a record amount of stuff from china. that increased our trade deficit to $42.2 billion. u.s. exports fell 3.6%, the biggest drop in almost four years. imports also fell, down 2.1% to the lowest in 20 months. on wall street, the dow gained 78, the nasdaq rose 44, the s& up nine. >> susie: our next guest says the fed's stimulus policies have been good for the u.s. economy and the markets. he's mike holland, chairman of his money management firm, holland and company. >> susie: mike, you heard erica's report. which do you think is more important for investors, fed policy action tor the fiscal cliff talks? >> right now, susie, the fiscal cliff talks are clearly the item dejure for the stock market. i think most people expect exactly what eric miller was talking about from the fed. and bern bueno ben bernanke hasn transparent and telling
some experts think the overhang of the fiscal cliff will likely dampen investor enthusiasm. erika miller, nbr, new york. >> tom: the latest economic statistics the federal reserve can consider is the october trade balance, with american importing a record amount of stuff from china. that increased our trade deficit to $42.2 billion. u.s. exports fell 3.6%, the biggest drop in almost four years. imports also fell, down 2.1% to the lowest in 20 months. on wall street, the dow gained 78, the...
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May 26, 2012
05/12
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what is the threat to investors from the fiscal cliff? >> quite a few there, tom. a lot of things happening, or could happen. this fiscal cliff end of the year, with a lot of things likely to happen on the negative side unless congress and the administration change some of the rules. the way things now stand, the tax on dividends and tax on capital gains will rise when the bush tax cuts expire at the end of the year, unless congress steps in and does something and the president signs the bill. in addition to that, you've got the situation out there where the federal government has to move, as i just said, in that direction, and you've got a situation where corporations are going to be facing higher taxes. it's likely that next year we will seek out a new way to-- to increase the total debt allowance that the u.s. can borrow that last time caused a stipulation between the republicans and the democrats. and things of that sort. >> tom: with that environment here you still like dividend stocks despite the possibility of hearing dividend taxes. including general electr
what is the threat to investors from the fiscal cliff? >> quite a few there, tom. a lot of things happening, or could happen. this fiscal cliff end of the year, with a lot of things likely to happen on the negative side unless congress and the administration change some of the rules. the way things now stand, the tax on dividends and tax on capital gains will rise when the bush tax cuts expire at the end of the year, unless congress steps in and does something and the president signs the...
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Aug 18, 2012
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", we take a closer look at the fiscal cliff: what it all means for the nation's economy and you. we talk about fixing the debt with former senator alan simpson and erskine bowles. we check in with doctors who worry their life-saving research could be on the line, if the sequester isn't stopped. and monday, we meet a small town defense contractor counting on lawmakers to keep its business strong. >> susie: and finally, we end with a few thoughts on the big win in little rewards. here's author and educator lou heckler. >> i hate to admit it, but i'm now at that awkward age. it's the age where you read food before you eat food! does it have enough of this? does it have too much of that? i guess the days are gone when i could chase three pieces of pepperoni pizza with a bag of krispy kremes. as i think of the organizations i have worked for and the ones i now speak to, i do think there is a vitamin deficiency in many of our working people. i think th lack vitamin "p." the praise vitamin. i was speaking at a conference and i posed the question: what's the number one thing you hear whe
", we take a closer look at the fiscal cliff: what it all means for the nation's economy and you. we talk about fixing the debt with former senator alan simpson and erskine bowles. we check in with doctors who worry their life-saving research could be on the line, if the sequester isn't stopped. and monday, we meet a small town defense contractor counting on lawmakers to keep its business strong. >> susie: and finally, we end with a few thoughts on the big win in little rewards....
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Oct 2, 2012
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and then all the risk around the fiscal cliff. a falling dollar means precious metals may be a good hedge for your portfolio. and so that is one of the ways you can at least profit from some of the challenges facing the economy in the fourth quarter. >> susie: real quickly would you put your money in gold, is that what you are saying, whether stocks or the metal itself? >> yeah, actually favouring the metal itself but looking at gold, silver, other metals as well. things that benefit when the dollar goes down, gold is one of the most effective ways of hedging that. >> susie: great information. we have to leave it there. jeffrey kleintop, chief market strategist at lpl financial services. >> thank you. >> tom: after six years under private ownership, restaurant and arcade dave and busters returns as a publicly traded company later this week. is it all fun and games? debra borchardt joins us for word on the street. >> tom: losing a job in this >> susie: an update on the fiscal cliff tonight, but not on any resolution to the schedule
and then all the risk around the fiscal cliff. a falling dollar means precious metals may be a good hedge for your portfolio. and so that is one of the ways you can at least profit from some of the challenges facing the economy in the fourth quarter. >> susie: real quickly would you put your money in gold, is that what you are saying, whether stocks or the metal itself? >> yeah, actually favouring the metal itself but looking at gold, silver, other metals as well. things that...
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Aug 23, 2012
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darren gersh, "n.b.r.," washington. >> tom: we continue our coverage of the fiscal cliff tomorrow. we talk with the men who led president obama's deficit reduction commission, former senator alan simpson and erskine bowles, about the threat of the cliff. and we'll see the latest new home sales data, and talk housing with analyst megan mcgrath. >> susie: in this back to school season, some advice, and warnings, for kids heading off to college. here's neale godfrey, founder of the children's financial network, with tonight's kids & cash. >> i cringe when i think of kids going off to college with credit cards, but they will. >> reporter: almost 85% of undergrads have cards, and they hold almost five credit cards a piece. they will graduate with an average of $4,000 in credit card debt, not counting student loan debt. instead of a credit card, encourage your college student to get a debit card, which should be connected to a joint checking account that you will oversee. teach your child to budget and make them accountable, to you, to keep track of spending. review this with them on a m
darren gersh, "n.b.r.," washington. >> tom: we continue our coverage of the fiscal cliff tomorrow. we talk with the men who led president obama's deficit reduction commission, former senator alan simpson and erskine bowles, about the threat of the cliff. and we'll see the latest new home sales data, and talk housing with analyst megan mcgrath. >> susie: in this back to school season, some advice, and warnings, for kids heading off to college. here's neale godfrey, founder...
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Sep 14, 2012
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we think sometime after the election, that the fiscal cliff will be addressed and not all of the fiscal drag will take place, rather than say five percent of gdp it will be reduced to more like one to two percent of gdp. but that has people's attention in part because when we think about some of the conditions that are creating uncertainty and what can be done about it, we make a list of those items, additional fed ease is more towards the bottom of that list and fiscal policy is closer to the top. >> all right, we'll leave it there. charlie, thank you so much. charlie reinhard deputy chief investment strategist at morgan stanley smith barney. >> reporter: i'm diane eastabrook in chicago. still ahead, i'll tell you how companies are making a game out of manufacturing to recruit young talent. >> susie: fresh economic data out today suggest the medicine the fed delivered today is justified. surging energy costs pushed prices at the wholesale level to their biggest monthly boost in three years. producer prices rose 1.7% in august. energy prices accounted for 80% of that jump. meanwhile, mo
we think sometime after the election, that the fiscal cliff will be addressed and not all of the fiscal drag will take place, rather than say five percent of gdp it will be reduced to more like one to two percent of gdp. but that has people's attention in part because when we think about some of the conditions that are creating uncertainty and what can be done about it, we make a list of those items, additional fed ease is more towards the bottom of that list and fiscal policy is closer to the...
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Oct 24, 2012
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. >> susie: and is a deal in the works to solve the fiscal cliff? a look at president obama's surprise promise in last night's debate. >> tom: that and more tonight on nbr! for the second time in three sessions, u.s. stocks suffered a sharp sell-off. prices fell as weak financial results from corporate america fed fear about the global economy. at the closing bell, the dow shed 243 points, the nasdaq lost 26.5, the s&p dropped almost 21 points, sending markets to levels not seen since early september. the heavy selling came after several household names reported weak quarterly financial reports and lowered their expectations for the rest of the year. 3-m, dupont, and xerox were among those releasing disappointing results. erika miller reports worries about revenues have cast a shadow over the profit picture. >> reporter: yes, it's earnings season. but earnings are not the most important indicator this quarter. it's revenues-- how much money a company makes before expenses. >> profits can go down, profits can go up. sales, you want to see nice steady
. >> susie: and is a deal in the works to solve the fiscal cliff? a look at president obama's surprise promise in last night's debate. >> tom: that and more tonight on nbr! for the second time in three sessions, u.s. stocks suffered a sharp sell-off. prices fell as weak financial results from corporate america fed fear about the global economy. at the closing bell, the dow shed 243 points, the nasdaq lost 26.5, the s&p dropped almost 21 points, sending markets to levels not seen...
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Mar 1, 2012
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. >> under current law, on january 1, 2013, there's going to be a massive fiscal cliff of large spending cuts and tax increases. i hope that congress will look at that and figure out ways to achieve the same long-run fiscal improvement without having it all happen at one date. >> reporter: bernanke was again asked by members of congress if low interest rates were hurting savers. he said most retirees had most of their money in stock and mutual funds. >> those assets are assets whose returns depend very much on how strong the economy is. so, in trying to strengthen the economy, we are actually helping savers by making the returns higher as we can see in the stock market, for instance. >> reporter: the fed has spent so much time explaining itself lately that there were only two real surprises in bernanke's testimony. we learned he does his own grocery shopping. and his son may rack up $400,000 in debt as he makes his way through medical school. darren gersh, "nightly business report," washington. >> tom: the chairman's testimony pushed stocks lower today. still, it was the best february fo
. >> under current law, on january 1, 2013, there's going to be a massive fiscal cliff of large spending cuts and tax increases. i hope that congress will look at that and figure out ways to achieve the same long-run fiscal improvement without having it all happen at one date. >> reporter: bernanke was again asked by members of congress if low interest rates were hurting savers. he said most retirees had most of their money in stock and mutual funds. >> those assets are assets...
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Sep 12, 2012
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and another warning about the fiscal cliff-- find a solution or risk a lower credit rating for america. that and more tonight on nbr! in less than 24 hours, we'll get our first peak at apple's new phone, dubbed iphone 5. expectations are high it will offer everything from a larger screen to a panoramic camera. nevertheless, shares of apple dipped slightly today in advance of the announcement. and, as suzanne pratt reports, all investors should be watching how the stock performs. >> reporter: it's known as the "apple effect." apple's stock is up; so is the broader market. apple shares fall; major averages drop, too. the world's most valuable company makes up nearly 5% of the s&p 500 index. thanks to apple's huge gain this year, the s&p is up 14%. on the other hand, the apple-less dow is up only 9%. and don't forget the tech-heavy nasdaq. apple accounts for 13% of the weighting in that index. thanks to the shine in apple shares, the nasdaq is up 19% this year. with apple's outsized influence on the market, a warm welcome for iphone 5 tomorrow might make more than apple shareholders happy
and another warning about the fiscal cliff-- find a solution or risk a lower credit rating for america. that and more tonight on nbr! in less than 24 hours, we'll get our first peak at apple's new phone, dubbed iphone 5. expectations are high it will offer everything from a larger screen to a panoramic camera. nevertheless, shares of apple dipped slightly today in advance of the announcement. and, as suzanne pratt reports, all investors should be watching how the stock performs. >>...
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Aug 14, 2012
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the sequester, the automatic budget cuts, you guys were talking about the fiscal cliff. we have republicans who voted for that sequester, already backing away. well n 2014, representative ryan's plan calls for spending cuts that are three times those of this automatic sequester. congress will not go there. they've never gone there. what we're going to see is massive tax cuts that favor the rich and implausible spending cuts leading to the big budget deficit. >> but that's why i agree. >> ultimately this is whether republicans really mean what they say. >> susie: real quickly, less than a minute, what american voters are really fixated on are jobs. you can talk about tax cuts and deficit reduction and entitlements but it ams can down to which candidate is going to be get more people hired. so dan, you first, you know, will romney and ryan get more people back to work? >> well, real quickly f you have lower tax rates you make it more comfortable to create jobs, we'll have more jobs. the alternative less government grows and we become europe, we'll have double-digit unemplo
the sequester, the automatic budget cuts, you guys were talking about the fiscal cliff. we have republicans who voted for that sequester, already backing away. well n 2014, representative ryan's plan calls for spending cuts that are three times those of this automatic sequester. congress will not go there. they've never gone there. what we're going to see is massive tax cuts that favor the rich and implausible spending cuts leading to the big budget deficit. >> but that's why i agree....
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Dec 14, 2012
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they get by the fiscal cliff without much damage. wall street breathes a sigh of relief, but we've done nothing for the longer term debt-to-gdp ratio. worst of all, most of what they do will take effect immediately, which we don't need. >> reporter: tomorrow, speaker boehner is set to return home to ohio for the weekend. an aide says he'll be available for talks, adding ohio has both cell phone service and airports. darren gersh, nbr, washington >> susie: that stalemate over the fiscal cliff weighed on the markets today, despite some encouraging reports on the economy. investors shrugged off news that initial jobless claims fell more than expected during the latest week, retail sales bounced back in november, and wholesale prices declined last month. by the close, the dow tumbled 75 points, the nasdaq fell 22 and the s&p was off nine points. despite that pessimism, many investment managers and analysts are feeling optimistic about 2013. a new investor survey says the u.s. stock market will be the best performing stock market in the w
they get by the fiscal cliff without much damage. wall street breathes a sigh of relief, but we've done nothing for the longer term debt-to-gdp ratio. worst of all, most of what they do will take effect immediately, which we don't need. >> reporter: tomorrow, speaker boehner is set to return home to ohio for the weekend. an aide says he'll be available for talks, adding ohio has both cell phone service and airports. darren gersh, nbr, washington >> susie: that stalemate over the...